Vietnam pledged to effectively use loans from the Asian Development Bank (ADB), Prime Minister Nguyen Tan Dung said in Hanoi on May 5.

PM Dung made the commitment while receiving ADB President Haruhiko Kuroda, who was in Vietnam to attend the 44th Annual Meeting of the Board of Governors of ADB.

PM Dung said that Vietnam received effective assistance from ADB during its development process and expressed his hope of receiving further help from the bank to expand cooperation.

He asked ADB to coordinate with relevant Vietnamese agencies to ease hindrances and disburse ADB projects, especially ones investing in transport infrastructure and poverty reduction.

PM Dung described the ADB annual meeting as a major event for both ADB and Vietnam, with a belief that the event would successfully contribute to boosting cooperation between Vietnam and ADB.

He informed the guest that during the past three months Vietnam had been focusing on implementing measures to control inflation, stabilise the macro-economy and ensure social welfare, while maintaining sustainable development of the economy.

As a result, initial positive signals on exchange rate management, gold trading and trade deficit reduction have been seen.

However, Vietnam still faces many difficulties and must attempt to control inflation more strictly.

Haruhiko Kuroda praised Vietnam’s assistance in organising the ADB meeting, affirming that ADB would increase preferential loans to Vietnam, especially to help the country carry out projects in environment, transport infrastructure and poverty reduction.

After the reception, PM Dung witnessed the signing of an agreement where ADB will give a loan of 1.38 billion USD to Vietnam, to enhance nationwide clean water access, conserve threatened forests, and ease urban gridlock./.